135: Building Wealth through Real Estate... without Tenants or Toilets! with Seth Williams | Bigger Pockets Podcast

Seth Williams invests in real estate in a way you may have never heard of before. He buys and sells land. And no, he’s not a developer. He literally buys a piece of blank dirt, and then sells it—frequently within days of buying it—for fairly high margins. And he does this without taking out loans for the purchase.
How?
He’s paying hundreds of dollars for this land, as opposed to hundreds of thousands of dollars for a piece of land with a house on top of it. He turns around and sells it quickly, frequently realizing a 300% profit—or more!
Even better? Deals are EVERYWHERE! Land is literally everywhere, and deals can be found very easily. (We discuss several ways to find absentee vacant landowners, many of whom just want to be rid of the property!)
Seth shares what to look out for in a deal so you minimize your chances of getting burned and what makes a deal great. He shares different ways to find these deals and even gives guidance for doing your homework so you know exactly what you’re buying.
If you’d like to get started in real estate but may not have the funds or simply don’t have the time or desire to run a flip, land may be your way in.
In This Episode We Cover:

Seth's money journey

His first land deal

The reason why people buy land

How to get into your first deal buying land

What you should know about title insurance

Dealing with mistakes

All about title searches

Tax implications of buying land

The best and worst type of land for those just starting out

And SO much more!

Links from the Show

BiggerPockets Money Facebook Group

Dave Ramsey's Envelope System

The title search article/video

Land Flipping Lifecycle

How to Juggle Your Real Estate Business with a Full-Time Job

Six Months After Quitting My Job, Here Are My Honest Thoughts

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